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From what I understand, Gran Canaria is more chill than Tenerife (so cost of life might be a bit lower?). Is that right?

Do you know any companies there with distributed teams?

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Tenerife has better weather and you're going to notice if you're staying for more than a short while. That makes Tenerife a hotspot of tourism, especially around Playa de las Americas/Los Cristianos.

I recommend less touristy places, but stay near if you like parties. Los Gigantes is cool and cheaper a bit.

I never really stayed for long on Gran Canaria so I can just say it is nice.

No contacts unfortunately, I'm not staying there permanently and when I do I just work with my clients from mainland EU.

Thanks for the tip! I'm looking for the best weather since that's one of the main reasons I'm having a look at the Canary Islands.

Are there any cafes/co-working spaces to work in?

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